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Usually, the people who talk the most about their company's strategy at these conferences are the least likely to know or be involved in their company's strategy ...

It is highly unlikely that any games have been legitimately cancelled for the Wii U being that it has only been out for a couple of months, although it is likely that companies may be pressuring Nintendo to "do something" to improve sales. Ultimately, I think Nintendo will (probably) respond by cutting the price, pushing out more games, and money-hatting some developers to improve sales.